Trump’s retreats on tariffs have already wiped out $800 billion of expected deficit reduction, CBO estimates

  • Posted on November 20, 2025
  • By Bing News
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Trump’s retreats on tariffs have already wiped out $800 billion of expected deficit reduction, CBO estimates

The Congressional Budget Office is projecting $2.5 trillion of deficit reduction over 11 years, down from its $3.3 trillion projection in August.
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